Overall Technical outlook

Price Summary

Chennai Petroleum Corporation Limited's stock sank -7.36% today, marking a unimpressive performance in the market.
Chennai Petroleum Corporation Limited's stock, on 2025-10-16 opened at 794.0, climbed to a high of 798.6, dropped to a low of 733.8, and closed up -7.36% at 735.55, with 2890228 shares traded.
The stock's highest price in the past 52 weeks is 929.95, while its lowest price during the same period is 451.6.

Technicals

Support and Resistance: The price is currently at 735.55, supported by 721.65 and resisted by 779.7. This indicates a range where 721.65 may provide a base for the price, while 779.7 serves as a cap on further upward movement for CHENNPETRO.
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Support/Resistance for CHENNPETRO


Aroon: AROON is currently showing a strong bearish trend, with Aroon Down moving higher and the Aroon Oscillator remaining low. This indicates that the downward trend is likely to continue, signaling ongoing bearish momentum in the market. The low level of the Aroon Oscillator reinforces the expectation of further declines.
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Aroon chart for Chennai Petroleum Corporation Limited


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Chennai Petroleum Corporation Limited


Parabolic SAR: The PSAR maintains its bearish stance, setting a strong resistance level that could limit any potential upward movement. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult to achieve significant gains for Chennai Petroleum Corporation Limited.
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Parabolic Stop and Reverse chart for Chennai Petroleum Corporation Limited


Stochastic: The Stochastic K-line for CHENNPETRO has moved below the D-line and sits under 20, indicating a mildly bearish signal. This suggests that the market might experience some weakness, though the bearish sentiment is not particularly strong. Investors should stay alert for any additional signals.
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Stochastic chart for Chennai Petroleum Corporation Limited


Tripple Moving Agerage: The 20, 50, and 100 moving averages for Chennai Petroleum Corporation Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend.
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Tripple SMA chart for Chennai Petroleum Corporation Limited


When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.